Peloton Stock Plunges After Company Temporarily Halts Production Of Bike, Treadmill Products

BQHEntertainment
BQHEntertainment
  • 2 years ago
Peloton misjudged how many people would buy its products and is sitting on more inventory than it needs, according to internal documents obtained by CNBC. The company’s stock plunged to a 52-week low following the report

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